Get an estimate of your maximum budget for spending on a residential property in the UK. Based on your household’s annual income, the type of purchase and how much upfront cash you have and our affordability calculator will suggest a maximum price
DISCLAIMER
The outputs of this affordability calculator serve as a GUIDELINE only. It is based on the information you have provided and on the assumption that a lender will lend you around 4.5 times your annual household income. Stamp duty is calculated based on your stated purchase type, and it assumes the buyer(s) are UK residents. The calculator assumes that the loan amount and upfront cash will be exclusively used to cover the purchase price of the property and the stamp duty. It does not take any other costs associated with a property purchase into account. The calculator limits the property price to ensure that the loan to property value never exceeds 95%. The actual amount that a lender would be willing to lend will depend on your circumstances, the property you intend to mortgage, and their lending criteria. A mortgage in principle, which you can obtain through your mortgage adviser or directly from a lender, will give you a more accurate estimate.